section 143 (2)

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ANIL (Querist)

01 October 2008 what is implication of Section 143(2) if a notice is received from taxation department.

kindly advise.

Thanks

S.Srinivasaraghavan

S.Srinivasaraghavan (Expert)

01 October 2008 If a notice is issued and it is within the time, you have to comply with it.

CA Gaurav Khanna

CA Gaurav Khanna (Expert)

01 October 2008 Its a notice for the scuitiny assement by the department.

Ravikumar.G

Ravikumar.G (Expert)

01 October 2008 Issue of Notice {Section 143(2)}
a) Situation: To ensure that the assessee has not-
Understated the income
Computed excessive loss
Underpaid the tax the AO may serve a notice on the assessee requiring him to :
i) attend his office, or
ii) produce evidence on which the assessee may rely in support of the return.

Ravikumar.G

Ravikumar.G (Expert)

01 October 2008 Time Limit:
No notice shall be served after the expiry of 12 months from the end of the month in which the return is filed.

SANJAY VERMA

SANJAY VERMA (Expert)

01 October 2008 Time Limit:
No notice shall be issued after expiry of six months from the end of the month in which the return is filed.

S.Srinivasaraghavan

S.Srinivasaraghavan (Expert)

02 October 2008 In other words if the notice is within time limit respond to it as given in section. If not, write to AO that it is not valid.

taxindiaconnect

taxindiaconnect (Expert)

30 April 2009 As suggested ealier, please check whether the notice is issued within legal framewok of the act, if yes then comply by attending the office of the jurisdictinal AO. If not, file a letter mentioning the reason as to why you do think that this is not a valid notice. The impication of this notice is that your return has been chosen for detailed scrutiny and your income may be enhanced based upon the result of assessment proceedings. A non compliance attrachs penal provisions.